AndhraNews.net
Home » Business News » 2012 » June » June 28, 2012

UK Stocks Positive Month-to-Date as of 6/25 According to Russell Indexes; Previous Summer Olympic Hosts Showed Mostly Negative Returns


June 28, 2012 - SEATTLE, WA

As the UK prepares to host this year's Summer Olympics, stocks in the Russell UK Index have been positive in June, up +3.5% month-to-date as of June 25th. Conversely, stocks for the corresponding component of the Russell Global Index for the host countries of the last four Summer Olympics have not fared nearly as well around the time of the games, showing generally negative or flat returns, illustrating that a home country advantage may not necessarily apply to markets:

  • The 2008 Summer Olympics were held between August 8th and August 24th in Beijing, China. The Russell China Index returned (-7.3%) in August 2008.

  • The 2004 Summer Olympics were held between August 13th and August 29th in Athens, Greece. The Russell Greece Index returned +0.7% in August 2004.

  • The 2000 Summer Olympics were held in Sydney, Australia between September 19th and October 1st. The Russell Australia Index returned (-6.3%) in September 2000 and (-2.5%) in October 2000.

  • The 1996 Summer Olympics were held in Atlanta, GA between July 19th and August 4th. The U.S. large-cap Russell 1000 Index returned (-4.8%) in July 1996 and was up +2.7% in August 1996.

Russell Index Returns - Summer Olympic Host Countries


----------------------------------------------------------------------------
1996 - Atlanta 2000 - Sydney 2004 - 2008 - 2012 -
Russell 1000 Index Russell Australia Athens Beijing London
Index Russell Russell Russell UK
Greece China Index Index
Index
----------------------------------------------------------------------------
July 1996 August September October August August June
1996 2000 2000 2004 2008 2012 (a/o
6/25)
----------------------------------------------------------------------------

-4.8% 2.7% -6.3% -2.5% 0.7% -7.3% 3.5%
----------------------------------------------------------------------------

The Russell Global Index includes more than 10,000 securities in 48 countries and covers 98% of the investable global market. All securities in the benchmark are classified according to size, region, country and sector. Daily Returns for the main components are available here: http://www.russell.com/indexes/data/daily_total_returns_global.asp

Disclaimer: http://www.russell.com/indexes/about/index_alerts.asp#disclaimer

MarketWire

Comment on this story

Share